Guaranteed Premium definition

Guaranteed Premium means the percentage share in revenue of the Project in PKR terms and converted to equivalent sellable space/units at the sale price projected in the detailed financial model submitted by a bidder at Stage-II.
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Examples of Guaranteed Premium in a sentence

  • Seller may retain any Guaranteed Premium Overpayment Receivables collected by Seller to the extent that Seller has paid to the Company the Guarantee Amount relating thereto.

  • Upon payment of the Guarantee Amount or collection of the full amount of the Guaranteed Premium Overpayment Receivables, Acquiror agrees that upon the request of Seller it will cause the Company to assign the remaining Premium Overpayment Receivables to Seller upon Seller's agreement to attempt to collect such amounts in accordance with the Settlement Agreement and to distribute any amounts collected in accordance with the Settlement Agreement.

  • The parties agree that the payment by Seller of the Guarantee Amount to the Company shall not be deemed collection of the underlying Guaranteed Premium Overpayment Receivables by the Company for purposes of the Settlement Agreement, and that any amount subsequently collected by Seller or the Company with respect to the Premium Overpayment Receivables shall be applied first to the Guaranteed Premium Overpayment Receivables until collected in full.

  • Following payment to the Company of the Guarantee Amount, Acquiror agrees to cause the Company to pay to the Seller all or any portion of the Guaranteed Premium Overpayment Receivables subsequently collected by the Company.